Hub Group Price Target Cut to $38.00 by Analysts at BMO Capital Markets (HUBG)
Equities research analysts at BMO Capital Markets decreased their target price on shares of Hub Group (NASDAQ:HUBG) from $39.00 to $38.00 in a research note issued to investors on Friday, AnalystRatings.NET reports. The firm currently has a “market perform” rating on the stock. BMO Capital Markets’ price target would suggest a potential upside of 4.11% from the company’s current price.
A number of other firms have also recently commented on HUBG. Analysts at Wells Fargo & Co. reiterated an “in-line” rating on shares of Hub Group in a research note to investors on Friday. Separately, analysts at Zacks downgraded shares of Hub Group from a “neutral” rating to an “underperform” rating in a research note to investors on Monday. They now have a $33.20 price target on the stock. Finally, analysts at Macquarie downgraded shares of Hub Group from an “outperform” rating to a “neutral” rating in a research note to investors on Thursday, October 10th. They now have a $37.50 price target on the stock, down previously from $41.00. One research analyst has rated the stock with a sell rating, ten have given a hold rating and two have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average price target of $38.42.
Hub Group (NASDAQ:HUBG) traded up 2.82% on Friday, hitting $36.50. The stock had a trading volume of 347,880 shares. Hub Group has a 1-year low of $28.27 and a 1-year high of $41.18. The stock’s 50-day moving average is $38.04 and its 200-day moving average is $37.52. The company has a market cap of $1.374 billion and a price-to-earnings ratio of 18.39.
Hub Group (NASDAQ:HUBG) last posted its quarterly earnings results on Thursday, October 17th. The company reported $0.50 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.49 by $0.01. The company had revenue of $883.00 million for the quarter, compared to the consensus estimate of $862.15 million. During the same quarter last year, the company posted $0.50 earnings per share. Hub Group’s revenue was up 9.7% compared to the same quarter last year. Analysts expect that Hub Group will post $1.91 EPS for the current fiscal year.
Hub Group, Inc is an asset-light freight transportation management companies. The Company offers intermodal, truck brokerage and logistics services.
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